Shanghai Jin AU (T + D) taking all the short-term gains high refresh

 Shanghai Gold Exchange Gold Fuyuan early Commentary:
Shanghai Gold Exchange Gold extended AU (T + D) night market in the refresh time high, up to 274.20 yuan / gram. Taking most of the gains in early trading, to close at 271.63 yuan / gram compared to the previous session settled up 0.92 yuan / kg. Shanghai Gold Exchange deferred stock market turnover is moderate, physical gold market was extremely light. AU (T + D) positions changed little after the opening night market there holdings of short-term traders more than a single, profit-taking session may be closed in the afternoon before the end positions. Baiyin Yan of AG (T + D) finished lower today, to close at 4,179 yuan in early trading / kg, compared with the previous trading day settlement gone up 39 yuan / kg, were active, somewhat lower positions.
fundamental aspects, Fitch (Fitch), said the financial challenges facing the UK Government should intensify efforts to reduce the budget deficit in order to maintain its AAA rating. Europe is not effectively solve the debt problem a long time, risk aversion is still diffuse. driven by the influx of hot money, rapid international spot price of gold up, intraday on breaking 1,249.1 U.S. dollars / ounce historical record high, record high prices 1,252.0 refresh USD / ounce. into the New York session, U.S. stocks opened higher, risk of fears of mitigation, and short-term profit-taking, to suppress the price of gold fell from high points, A break 1,250.0,1,240.0 consecutive two dollar mark, taking all the gains yesterday.
technical graphics on the high price of gold refreshed after taking all the gains, closing out a long upper shadow small Yinxian very worthwhile vigilance, short-term increase the likelihood of a correction. but not under a long upper shadow that it is the start of a callback, the price of gold back to looking for short-term or average group, Let us see whether the gain in the average group support. for now term, overbought technical indicators signal is not serious, given the form of vigilance KDJ short-term indicators may signal a callback. AU (T + D) Once a correction, or at 268 yuan / g gain some support nearby. the recent bull market, more cautious, traders, creating a new high in gold on the occasion, do not want to substantial holdings of short-term gold price is also very likely a slight correction and consolidation.
(recommended only for investors and does not constitute the real deal the guide. gold market risk, please choose carefully)
Fuyuan Jin (Beijing) Investment Co., Ltd. Trading Director Liu filled